562 Lamorak Pl · Richburg, SC 29729

$308,000

4 bd · 1.5 ba · 1,793 sqft · Other public records · 1 Days on market

Built 2023 5,227 sqft lot $38/mo HOA · 1% of rent

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Why this score? — see what drove the C- grade

The composite is a weighted blend of 9 inputs, each scored 0–100. Each bar is that input's sub-score; the figure is the points it added to the 100-point composite (weight × sub-score).

• Cash flow +17.6/30.0
• ARV discount +7.5/15.0
• Appreciation +6.5/10.0
• DSCR +5.5/10.0
• 1% rule +4.1/10.0
• Livability +3.2/5.0
• Rent growth +2.5/5.0
• Condition / age +2.5/5.0
• Schools +2.3/10.0

Listing remarks MLS

Relax in the spacious living room, great for friends and family to welcome in the new year in your new home! This brand new home features an open floor plan. Kitchen and dining room are open to the living room for easy entertaining. Your new home is complete with granite counter tops throughout, Whirlpool stainless steel appliances which includes refrigerator, dishwasher, oven and microwave. Upstairs are spacious bedrooms with a private owners suite with a huge walk-in closet. Attached 2-car garage with finished walls and garage door opener. Enjoy our neighborhood park and let your furry friends play at the dog park. Just minutes from Rock Hill and easy access to Charlotte.

Key facts

• Large center island
• Ample closet space
• En-suite bath

Tags

• GRANITE COUNTERTOPS
• LARGE CENTER ISLAND
• DEDICATED DINING AREA
• PRIVATE PRIMARY SUITE
• AMPLE CLOSET SPACE
• EN-SUITE BATH

Property features AI

Finance

• HOA & community: Homeowners association (CAMS) with mandatory dues; Annual association fee of $450; Community amenities include dog park, playground, picnic area, sidewalks and walking trails

Exterior

• Parking: Attached 2-car garage with garage door opener; Driveway parking; 4 open parking spaces; Has both garage and open parking
• Utilities: County water; County sewer; Electricity connected; Cable available; Wired internet available
• Home design: Single family residence; Site-built construction; Two levels; Entry level: Main; Facing: Front (garage faces front)
• Construction: Vinyl exterior; Slab foundation; Built by LGI (model: FRANKLIN)
• Exterior features: Covered porch; Patio/porch; Fenced backyard with privacy fencing; Concrete and paved road access; Publicly maintained road

Interior

• Kitchen: Dishwasher; Disposal; Electric cooktop; Electric oven; Microwave; Oven; Electric water heater
• Bedrooms: 4 bedrooms located on the upper level
• Flooring: Carpet; Vinyl
• Bathrooms: Two full bathrooms; One half bathroom on the main level
• Heating & cooling: Central heating (electric); Ceiling fan(s); Electric cooling
• Interior features: Open floorplan; Kitchen island; Walk-in closets; Walk-in pantry; 9 total rooms
• Laundry & utility: Washer hookup; Electric dryer hookup; Laundry room inside; Laundry located on the upper level

What this means for you Summary

Snapshot

• This is a 4-bed/1.5-bath other listed at $308k.

Deal economics

• At list price, monthly cash flow is $244 ($3k/yr) — positive.
• The deal already cash-flows at list — no discount required.
• To meet the 1% rule (rent ≥ 1% of price), the offer needs to be $280k (9.1% below list).
• Recommended offer: $280k (9.1% below list) — sets the bar for 1% rule.
• Cap rate 7.2% vs local median 5.7% in Richburg — meaningfully above typical; check what's discounted (condition, days-on-market, listing class) to confirm the premium yield is real.

Location & tenants

• Location reads 63/100 on livability (#182 in SC) — a middle-class / working-renter tenant base. Strengths: cost of living A+, housing A+; Watch: crime D+, health & safety D+, amenities F.
• Chester 01 (rural): math 23% / reading 34% proficiency, ranked #59 of 80 in SC (top 74%) — low school quality limits family demand, transient renter base, plan for 1-2y turnover; 64% free/reduced lunch — lower-income household profile, screen leases tightly.
• Zoned schools: Lewisville Elementary (math 47% / reading 42%, grade F, #226 of 597 statewide, top 40%, 510 students, 100% FRL); Lewisville High (math 44% / reading 87%, grade B, #83 of 196 statewide, top 43%, 416 students, 100% FRL) — zoned schools average 100% FRL vs 64% district-wide (36 pts higher); higher-poverty schools than district average — tighter screening recommended.
• Zoned-school proficiency averages 55% at this address vs 28% district-wide (+27 pts) — the actual schools serving this property are materially stronger than the Chester 01 average implies; a family-tenant draw the district grade alone would hide.
• Market conditions: 81 active listings in the ZIP; 269 units permitted in Chester County in 2024 (0 in 5+ unit buildings).

Forward outlook

• In year one you build about $11k of equity ($2k loan paydown + $9k appreciation (3.0% local appreciation)).
• Chester County population projected at -24% by 2050 — secular population decline; favor cash flow + early exit over multi-decade hold.
• At projected returns (3.0% appreciation + 3.0% rent growth), your $86k cash investment doubles in ~6 years — after that, you're playing with house money.
• By year 4, paydown + projected appreciation supports a ~$38k cash-out refi (75% LTV) — recoverable capital for the next deal without selling this one.

Negotiation context

• Only 1 days on market — expect competitive offers; lowballing is unlikely to land.

Risks & watch-outs

• Climate carrying-cost: major wind risk, 27% chance of damaging wind over 30y; extreme-heat days projected 7→15/yr by 2055 (HVAC capex compounding) — expect insurance premiums to compound above CPI over the hold.

Recommended offer $279,840 (9.1% below list)

Questions for the listing agent

1. What does the HOA fee cover, when was the last increase, and are there any pending special assessments or reserve-fund shortfalls?
2. Is there a deadline driving the sale (1031 exchange, divorce, estate, relocation)? That informs how much negotiation room exists.
3. Schools are D-rated, which usually means shorter tenancies and higher turnover. Who's the typical renter profile here, and what's been the actual vacancy rate?
4. Crime grade is D in this area — have there been break-ins, vandalism, or insurance claims at this property in the last 3 years? What carrier currently insures it and at what premium?
5. What's the average days-on-market for RENTAL listings here right now (not sales)? A rising rental-DOM trend means longer vacancies and softer asking-rent achievability than the comps imply.
6. What's the recent tenant-quality profile in this submarket — average credit score on applications, eviction rate, late-payment / NSF rate, and stable-employment percentage? A property-management company in the area should have these aggregated.
7. How much new for-sale + rental construction is in the pipeline within 1–3 miles? Heavy new supply typically softens prices + rents 12–24 months out; constrained supply supports both.

Investment metrics

• 1% rule: 0.91% ✗
• Cap rate: 7.24%
• Cash-on-cash: 3.39%
• DSCR: 1.15
• GRM: 9.2

CMA / ARV

No comps found within radius.

Projected returns pro-forma

2.99% appreciation · 3.0% rent growth · sell at horizon

5-year hold

• IRR: 10.6%
• Equity multiple: 1.61×
• Total profit: $52,468
• Equity at exit: $138,376

10-year hold

• IRR: 12.9%
• Equity multiple: 2.91×
• Total profit: $165,119
• Equity at exit: $213,165

Cash invested: $86,240 (down + closing). Projections, not guarantees.

Landlord ↔ Tenant lean methodology

• Overall (STATE): 90 Strongly Landlord-Friendly
• State South Carolina: 90 Strongly Landlord-Friendly · R+6
• County: — inherits STATE
• City: — inherits STATE

5-day notice; preempted; landlord-favorable.

Methodology + full state rankings →

ZIP-level market 29729

• Home prices YoY: 1.4%
• Active inventory: 81
• Price-to-rent: 9.2×

Monthly cashflow live

• Estimated rent: $2,798 medium
• Mortgage (P&I): −$1,615
• Tax from tax record: −$185 /mo · $2,225/yr
• Insurance: −$128
• HOA: −$38
• Vacancy / Maint / Mgmt: −$588
• Net cashflow: $244

Break-even live

Break-even rent $2,490

Max offer price $308,000

Occupancy floor 86%

Sensitivity live

Price	-10% $418	-5% $331	+0% $244	+5% $157	+10% $69
Rent	-10% $23	-5% $133	+0% $244	+5% $354	+10% $465
Rate	-1.0pp $399	-0.5pp $322	base $244	+0.5pp $164	+1.0pp $83

UW: 25.0% down · 7.5% · 30yr · 1.5% tax · 5.0% vac · 8.0% maint · 8.0% mgmt

Financing live

Cash to close

• Down payment: $77,000
• Closing costs: $9,240
• Reserves months: —
• Total cash needed: —

HOA detail

• Monthly dues: $38 · $456/yr
• Likely covers: pool

Listing history 5 events

1. 2026-06-18
   statusdays on market $308,000 Active 1 DOM
2. 2026-06-17
   days on market $308,000 Coming Soon 3 DOM
3. 2026-06-16
   days on market $308,000 Coming Soon 2 DOM
4. 2026-06-15
   remarks 693-char remark
5. 2026-06-15
   listed $308,000 Coming Soon 1 DOM

ⓘ Source: listings_history table (triggers on properties + properties_extension) + one-shot backfill from property_details.listing_events for pre-trigger history.

Tax reassessment forecast SC · Resets to sale price

• Current annual tax: $2,225 · $185/mo
• Projected year-2 tax: $2,225 · $185/mo
• Expected delta: $0/yr ($0/mo · 0.0%)

ⓘ Screening estimate from a state-policy table — verify with the county assessor before closing.

Climate risk First Street

• 🌊 Flood 1/10 Low FEMA zone X (unshaded) · 0% chance over 30 yrs
• 🔥 Wildfire 3/10 Moderate
• 🌡 Heat 6/10 Major 7 d/yr ≥105°F today · 15 d/yr by 30 yrs out
• 💨 Wind 6/10 Major 27% chance of damaging wind over 30 yrs
• 🫁 Air quality 3/10 Moderate 2 unhealthy d/yr today · 2 by 30 yrs out

Taxation est. · year 1

• Rental income: $33,581
• − Mortgage interest: −$17,253
• − Property taxes: −$2,225
• − Insurance: −$1,540
• − Repairs & maintenance: −$2,686
• − Management: −$2,686
• − HOA: −$456
• − Depreciation: −$8,960
• Taxable loss: −$2,226
• Est. tax savings @ 24.0%: +$534
• After-tax cash flow: $3,460/yr

For passive investors: Depreciation is non-cash, so a rental often shows a tax loss while cash-flowing — sheltering income. Rental losses are passive: they offset passive income freely, and up to $25,000/yr can offset ordinary (W-2) income if you actively participate and your MAGI is under $100k (phasing out to $0 by $150k); unused losses carry forward. On sale, claimed depreciation is recaptured at up to 25%, and gains may owe capital-gains tax (a 1031 exchange can defer both). Figures are a year-1 estimate at your 24.0% rate — not tax advice; consult a CPA.

Schools (NCES district)

• District: Chester 01
• NCES district ID: 4501530
• Math proficiency: 23% ▼ -6.00%
• Reading proficiency: 34% ▬ 0.00%
• Median HH income: $34,041
• Composite: 23.39/100
• National rank: #7902
• State rank: #59 of 80 in SC

Livability — Richburg

• Score: 63/100
• State rank: #182
• US rank: #15927

Category grades

Amenities F Commute F Cost of living A+ Crime D+ Employment F Housing A+ Health & safety D+ User ratings A

Schools grade is shown separately in the Schools card above.

Census & demographics

• Population (ZIP): 2,313

Population outlook (Chester County) Hauer SSP2

• Today (2025): 30,121 people
• By 2030: 28,700 · -4.7%
• By 2040: 25,784 · -14.4%
• By 2050: 23,001 · -23.6%
• By 2075: 17,770 · -41.0%
• By 2100: 13,584 · -54.9%

Race, ethnicity, and origin ACS 2023

• Neighborhood character: Diverse neighborhood (Simpson 0.57)
• Race & ethnicity: White 60% Black 26% Two or more races 12% Hispanic / Latino 7%
• Hispanic origin (detail): Mexican 2% Puerto Rican 5%
• Common ancestry: Danish 2% Serbian 2% Lithuanian 2%
• Foreign-born: 2% · Canada, Guatemala
• Languages at home: 99% English-only · Spanish 1%

Political lean MEDSL · Chester

• 2024 margin: R (+17.2) · D 40.8% · R 58.0% · Other 1.1%
• 2008→2024 swing: -25.5pp toward R · 2008: 8.3pp · 2024: -17.2pp
• All cycles: 2024: R+17.2 2020: R+10.9 2016: R+4.8 2012: D+10.5 2008: D+8.3

Not yet ingested

• Civics: —

Market trends

• HPI YoY: ▲ 2.99%
• Current HPI: 210.6518
• Rent YoY: —
• Metro: —
• State GDP YoY: ▲ 4.51%
• F500 in state: 2

Industry mix (Fortune 500 HQ in SC)

Industry	F500 HQs	Revenue
▸Packaging	1	$7B

Price history

+4.4% since first listed

4 events — show timeline

• 2026-06-14 Coming Soon $308,000 CANOPYMLS as Distributed by MLS Grid
• 2023-05-15 Sold (MLS) $294,900 CANOPYMLS as Distributed by MLS Grid
• 2023-02-14 Contingent — CANOPYMLS as Distributed by MLS Grid
• 2023-02-09 Listed $294,900 CANOPYMLS as Distributed by MLS Grid

Property tax history

+22.0%/yr

Latest (2025): $2,225 · -71.0% YoY. Source: county tax records.